Black Diamond Group (TSE:BDI) Price Target Raised to C$20.00 at Canaccord Genuity Group

Black Diamond Group (TSE:BDI) had its target price boosted by Canaccord Genuity Group from C$17.00 to C$20.00 in a research note published on Tuesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Other equities research analysts have also issued reports about the company. Raymond James Financial lowered Black Diamond Group from a “strong-buy” rating to a “moderate buy” rating and raised their price objective for the stock from C$18.00 to C$20.00 in a research report on Tuesday, January 20th. BMO Capital Markets increased their price target on shares of Black Diamond Group from C$18.00 to C$20.00 in a research report on Friday, January 16th. Three analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$19.25.

Black Diamond Group Price Performance

BDI opened at C$16.85 on Tuesday. The firm has a market capitalization of C$1.13 billion, a P/E ratio of 29.05 and a beta of 0.96. The stock has a fifty day moving average of C$16.29 and a 200-day moving average of C$14.52. The company has a quick ratio of 1.05, a current ratio of 1.42 and a debt-to-equity ratio of 101.87. Black Diamond Group has a 12-month low of C$7.60 and a 12-month high of C$18.75.

About Black Diamond Group

Black Diamond Group Ltd rents and sells space rental solutions and modular workforce accommodations to business customers in Canada, the United States and Australia. The company also provides specialized field rentals to the oil and gas industries of Canada and the United States. Besides, Black Diamond Group provides turnkey lodging services, as well as a host of related services that include transportation, installation, dismantling, repairs, maintenance, and ancillary field equipment rentals. From its locations, the company serves multiple sectors including oil and gas, mining, power, construction, engineering, military, government, and education.